Form 8-K · Current report
Xcel Energy 8-K, filed Nov 5, 2026
- Filed
- CIK
- 0000072903
- Accession no.
- 0001193125-26-449951
Summary
Xcel Energy issued $2.5 billion aggregate principal amount of 2.625% convertible senior notes due December 15, 2027, sold to initial purchasers represented by J.P. Morgan Securities, BofA Securities, Citigroup Global Markets and Wells Fargo Securities in a private placement exempt from registration under the Securities Act. The notes carry an initial conversion price of about $87.26 per share, with a maximum of 31,513,750 shares of common stock issuable upon conversion.
Key points
- The $2.5 billion issuance included $300 million of notes sold on the initial purchasers' full exercise of their option for additional notes.
- The notes pay 2.625% interest semiannually beginning June 15, 2027, and are not redeemable by Xcel Energy before maturity.
- Notes were sold under Section 4(a)(2) and resold to qualified institutional buyers under Rule 144A; the conversion shares are unregistered.
- U.S. Bank Trust Company, National Association serves as trustee under the indenture dated November 5, 2026.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
Items reported
- 2.03Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
- 3.02Unregistered Sales of Equity Securities
- 9.01Financial Statements and Exhibits
From the filing
Item 2.03. Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant. On November 5, 2026, Xcel Energy Inc. (“Xcel Energy”) issued $2,500,000,000 aggregate principal amount of its 2.625% Convertible Senior Notes due 2027 (the “notes”) pursuant to an Indenture (the “Indenture”), dated as of November 5, 2026, between Xcel Energy and U.S. Bank Trust Company, National Association, as trustee (the “Trustee”). The notes were sold under a Purchase Agreement (the “Purchase Agreement”), dated November 2, 2026, among Xcel Energy and J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc. …
An excerpt of the text as filed with the SEC, cut for length.
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